The agency will not appeal a court order rejecting its attempt to block Meta's acquisition of VR fitness app maker Within.
its acquisition would actually increase competition and beprovided testimony in proceedings leading up to the court’s decision.
“We are pleased that the Court has denied the FTC’s motion to block our acquisition of Within,” a Meta spokesperson said in a . “This deal will bring pro-competitive benefits to the ecosystem and spur innovation that will benefit people, developers, and the VR space more broadly. We look forward to closing the transaction soon.”FTC: Down, but not outa damaging blow to the FTC, the agency and a monopoly expert speaking to Gizmodo said they remained confident in its ability to effectively pursue future actions against other tech companies.
“The FTC largely achieved its objective of advancing the legal theory, and only lost on a narrow fact-specific determination,” Hepner said “A reviewing court would be deferential to Judge Davila’s findings of fact, and it’s not worth it for the FTC to risk losing their legal wins on appeal.”
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